secwatch.observer — SEC 8-K summary
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Issuer:     Cayson Acquisition Corp (CAPN)
CIK:        0002024203
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001641172-25-018901
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cayson SPAC to merge with Mango Financial; Mango valued at $300M pre-money
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- SPAC shareholders to receive one Company Class A share per SPAC share; Mango holders get 30M shares at $300M equity value.
- Up to 4M earnout shares contingent on net income targets for FY2025-2026; 4M indemnification shares escrowed for 2 years.
- PIPE financing of at least $5M required; closing conditions include SPAC vote, HKSFC approval, Nasdaq listing.
- Mango Financial (founded 1970) holds Hong Kong SFC Type 1,4,6,9 licenses; advised over 160 public listings.
- Mango shareholders subject to 6-month lock-up; early release if VWAP ≥ $12 for 20 days after 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024203/000164117225018901/0001641172-25-018901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024203/000164117225018901/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-018901

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